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DONT USE CHATGPT!!!!!!!! Problem C-2A Consider present value (LOC-2, C-3) Bruce is considering the purchase of a restaurant named Hard Rock Hollywood. The restaurant is

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DONT USE CHATGPT!!!!!!!!

Problem C-2A Consider present value (LOC-2, C-3) Bruce is considering the purchase of a restaurant named Hard Rock Hollywood. The restaurant is listed for sale at $1,000,000. With the help of his accountant, Bruce projects the net cash flows (cash inflows less cash outflows) from the restaurant to be the following amounts over the next 10 years: Bruce expects to sell the restaurant after 10 years for an estimated $1,160,000. (FV of $1,PV of $1,FVA of $1, and PVA of $1 ) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) Required: 1-a. Calculate the total present value of the net cash flows if Bruce wants to make at least 10% annually on his investment. (Assume all cash flows occur at the end of each year.)

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